CIT Group Inc., based in Pasadena, California, provided commercial lending, equipment leasing, and treasury management solutions to middle-market businesses until its acquisition by First Citizens BancShares in January 2022. The financial holding company delivered specialized financing across healthcare, aerospace, technology, and real estate sectors.
First Citizens BancShares completed its merger with CIT Group in January 2022 in an all-stock transaction valued at approximately $2.2 billion. The transaction combined CIT Group's commercial lending expertise and national reach with First Citizens Bank's deposit franchise and branch network.
CIT Group - Portfolio Snapshot
Portfolio activity breakdown across disclosed investments and stages
Portfolio Companies31
Current Portfolio Count25
Total Portfolio Exits5
Top Investment Stages
Series B4 (44.4%)
Series D4 (44.4%)
Series A1 (11.1%)
Stage Mix
Series B 44%Series D 44%Series A 11%
Concentration shown as share of disclosed investments by stage.
